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Red Hill
Manor
$750,000
If you were wondering what a good deal looks like -
This Is It! I have seen this home and it is amazing! Check out this
price... Check out the house.
CALL TODAY TO VIEW
703-637-0610
Click Photo For Listing
Ashburn $1,400/m
For
Rent
Comfortable, convenient condo in Ashburn just around the
corner from Rec Center. Community amenities included in rent. Ready
to move in!
CALL TODAY TO VIEW
THIS PROPERTY!
703-637-0610
 Call Joe Modes (703) 856-0636
For
all your moving
needs. |
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The Right Mortgage For
You
You'll
notice there are no mortgage calculators on my web site. The
reason is that they are useless. Everyone's personal situation
is different and there are so many mortgage products available
the only way to really attack the mortgage question is to talk
to local lenders. Your Credit Score and Your
MortgageLenders,
insurance companies and even employers use your credit report
to find information about you. There are several things they
are looking for.One, is your credit score and the
other is what is listed on the report.In a nutshell, the higher or better
your credit score the more loan products you qualify for and
the cheaper your loan is going to be.Can you get a loan with a lower
credit score? Probably, but the industry sees it as being more
risk to them, so they charge more. Loan products vary and
there are some that don't put as much emphasis on credit
scores, check with your lender.Many, many credit reports contain
mistakes which lower your score. If you are thinking of buying
a home in the near future, start getting credit reports now
and review them for mistakes. You can get free reports online,
but they generally don't have the score. A lender can also
help you with this. If you find mistakes there is a process
with each of the credit agencies to correct the problems.
However, this can take several months, so get started
early.The
higher you can get your score the less expensive your loan
will be.Which
Loan is Better?Most people think the loan with the
lowest interest rate is the best loan - period. In many cases
this is not true.Look at the overall loan costs,
flexibility of payments and pre-payment penalties. Often the
interest rate is balanced by the costs of the loan. You may be
paying 1% to 3% of the value of the loan up front in charges
for a lower interest rate.If in your situation the seller is
paying the closing costs and you plan on keeping the home for
a long time this may be perfect for you. On the other hand, if
you are paying the closing cost yourself, or don't plan on
staying in the home long, this may be a more costly loan
product.
There is more to
the story click
here.
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Lender keep
telling us the mortgage market is changing daily. Both the
government and lenders are trying to work there way out of the
loan meltdown and provide relief and good mortgages to
homeowners. One of the first tasks in your home buying is to
secure financing. Do this as early as you can and talk with
several lenders.
There has been
a lot of news about the larger "Jumbo" loans. Here is a really
good article from the Washington Post Jumbo Loans Are
Reborn, But Terms Are Stiffer on the
latest.
Department of Housing and Urban Development
Remember the
article on what to do if problems arise at settlement? HUD is
making some changes that will help reduce the confusion
and mortgage costs. Buyers have often been shocked to find
that their mortgage fees, rates and settlement costs are not
what they we lead to believe. This article from the
Washington Post Help From HUD To
Simplify Settlement has the
details.
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Have A Question Or Need A Little
Help?
Have questions on a particular property. No problem,
just give us a call at 703-637-0610, and we'll help you navigate through the listing
information, home features, neighborhood information, area schools,
and provide you with a competitive market analysis.
When you find a home that you would like to view, just
let us know, and we'll be happy to schedule a private showing for
you. Take a day and have a guided "Homes Tour" of all your favorite
listings and learn how to evaluate homes like the pros. We offer
these services FREE to
buyers. |
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Visit All The
Northern Virginia Group's Premier Web Sites
    
Contact Us at
703-637-0610, or info@nvarg.com
Keller Williams Realty - Each Office is Independently Owned and
Operated
Information is deemed accurate but not guaranteed
Copywrite 2008 The Norhern Virginia Real Estate Group,
LLC | |
